Europe Market Open: RENGO announcement due imminently, APAC stocks declined post-PPI/Retail Sales
MAR 15, 2024
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  • APAC stocks declined amid data-related headwinds from the US including hot PPI and weak Retail Sales.
  • Markets await the RENGO wage announcement and its potential ramifications for next week's BoJ policy announcement.
  • European equity futures indicate a contained open with the Euro Stoxx 50 future -0.1% after the cash market closed down 0.2% on Thursday.
  • DXY has gained a firmer footing above the 103 mark, EUR/USD is back below 1.09, NZD lags across the majors.
  • Looking ahead, highlights include German Wholesale Price Index, US Import Prices, Canadian Wholesale Trade, UoM Inflation Expectations, BoE Inflation Attitudes Survey, Japan’s Rengo Wage Hike Announcement, Comments from ECB’s Lane.

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